I blogged yesterday about the those that have written into me about a fake moneybookers scam.

http://www.bizzia.com/adding-value/

Adding value read this and comment on it if you have suggestions.

These people were scammed because they received an email identical to the moneybookers one and took it as the original, it was actually a faked page which looked identical.

Today I want to talk about online security with moneybookers, pay pal and others.

What should you expect to receive from them?

Rule number one

Any mail you get, first check the address it came from, that’s the first clue. Mark spam as spam and delete it out of your spam folder daily.

Rule number 2

Never click on a link, but rather type the address www.paypal.com or moneybookers.com straight into your browser window. Then you can’t be misdirected. Check the page you are logging into it should look right, dont rush. Never update your details on a form you’re not certain about. These scams continue because people fail to to do this, they know they will catch someone.

Rule number 3

If you don’t have a bank account with that bank or payment company, don’t open the mail. You don’t get an account by accident.

Follow these simple rules everytime and scams will suffer, not you.

Care to comment? share this with everyone you know.

Be safe online, Moneypenny

Many people may not be aware, that in a bid to control tax avoidance, and do due dilligence for money laundering, Pay pal  have imposed a limit of E 2,500 annually that can be received or sent through an account, from 2008.

If the account is to be used for higher volume transactions, then an identity check which is in two parts, must take place.

My own personal paypal account was made secure as mentioned previously, by the addition of my credit-card details ( which somewhat defeats the purpose of having a pp account). Nevertheless, this done, it is now not sufficient to secure the account.

The identity check requires the filling in of a form on-line, requiring physical address, birthdate, company name, and vat/ tax no.  All details, that many will be unhappy to hand over, due to identity theft on the net and management of this sensitive data by Pal pal. ( who of course promise not to share it with anyone).

Then one feels that should be sufficient, but no there’s something else, after being told this will suffice, another window comes up saying that there’s one final step. The final step being, you need to upload or fax through your drivers license, ID card or other photographic proof, such as a passport.

Well, I don’t know about you, but this always makes me nervous. How will my data be treated? Banks have had data breaches, so I’m almost certain Paypal could have the same sooner or later.

There isn’t much choice out there, Paypal has the Euro market pretty much sewn up.

Any other suggestions will be welcome, leave a comment for the benefit of our readers.

Can some e currency veteran comment on this? Are the requirements the same for e bullion and similar payment co’s.

Lets discuss this digital moneyworlders!

Yours in money,

Moneypenny